tod brochure
TRANSCRIPT
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metro.ne
Metros Joint Development Program encouragescomprehensive planning and development aroundstation sites and along transit corridors.
These e=orts reduce auto use and increase transit ridership by directlylinking Metros transportation network with retail, commercial andhousing opportunities, while enhancing the overall land use and economicdevelopment goals for the surrounding community.
Metros joint development program also provides additional return on thepublics investment in the transit system. The programs developmentprojects provide Metro with revenue and sales proceeds based on the fairmarket value of Metros property. These amounts, in turn, are reinvestedin eligible transportation projects throughout Los Angeles County. In manycases, the developments also include new and upgraded transit facilitiesthat further benefit Metro and its patrons.
In all, Metros Joint Development Program benefits all of Los AngelesCounty by e=ectively reducing congestion and promoting smart growth,while providing a more enjoyable experience for Metro patrons.
Joint Development Program
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Wilshire/Vermont
Del Mar
Metro Joint Development Program
line
Metro Gold Line
site
3.56 acres on twoseparate parcels
development
> 347 apartments/21 a=ordable> 11,000 square eet o
ground ?oor retail> A public plaza and paseos
directly connecting theGold Line station to the
development, bus service andthe surrounding community
> Reurbished historic traindepot used as a restaurant
> 600 transit parking spaces
completed
2007
lineMetro Red & Purple Lines
Apartmentssite
3.24 acres
development
> 449 apartments/90 a=ordable
>36,000 square eet oground ?oor retail
> Improved public plazasdirectly connecting a newsubway portal to thedevelopment, bus serviceand the surroundingcommunity
> 11-bay bus layoveracility on adjacent1.02-acre parcel
completed
2007
Schoolsite
2.5 acres
development
> 800-student LAUSDmiddle school
completed
2008
completed
completed
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One Santa Fe
Hollywood/Vine
lineMetro Red Line Station
site
4.03 acres o Metro-ownedproperty in DowntownLos Angeles Arts District
development
> 438 apartments
350 market-priced units (80%) 88 aordable units (20%)> 79,000 square eet o retail and
commercial space Metro Operations is 35,000
square eet anchor tenant
status
Under Construction (potentialnew Red Line station underconsideration)
lineMetro Red Line
Apartmentssite
2.35 acres
development
> 375 apartments/78 a=ordable
> 28,000 square eet oground foor retail
> New bus layover acility
Hotel & Condossite
2.30 acres
development
> 300-room W Hotel> 143 W Condominiums> 30,000 square eet o
ground foor retail
> Improved public plazaand second subway elevator> New subway portal canopy,
bus layover acility andbike room
completed
2009
under construction
completed
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